Mar 16, 2013 12:00am PDT
because of the negotiations over the debt ceiling. the administration wanted to clean increase in the debt ceiling. when we were facing a potential disaster because of reluctance on the part of congress to raise the debt ceiling. we saw a solution which we hope would not be put in place. no one expected it to be put in place. the idea was to have a commitment mechanism we wouldn't need to force us to make better policy decisions on the sequester. and in the negotiations, what i was referring to was the fiscal cliff negotiations at the end of last year, where the matters were very close. the president did not ask for more revenue in those negotiations. he actually asked for less. he had 1.6 trillion in his budget, came down to 1.2 trillion. i will point out charlie the president has done unusual he's kept his last offer on the table. he didn't retreat and say no i want to go back to that original figure. he kept some very difficult offers on the table to reach a bargain, including entitlement reforms. and so the president has been looking for a balanced way to do this. and in some sense it'
Mar 16, 2013 10:00am PDT
to be the fight surrounding the debt ceiling. the republicans want to use that as an opportunity to make deeper cuts to entitlement programs. part of the president's outreach this week to republicans has been to remind them he's put on the table as part of a bigger deal about $400 billion to cuts in medicare and medicaid as well as about $130 billion in chain cpi, which would be, you know, a shift in the way we calculate some federal benefits. soy think that the contours of a deal will come if it does come at all around the debt ceiling fight and the months leading up to that. >> nancy, good to see you. thanks very much. nancy cook, economic fiscal policy correspondent, "national journal," annie lowery, economic policy reporter at "the new york times." paul ryan calls his budget the path to prosperity. mitt romney hope ld it would be the path to the presidency. that didn't work out. but ryan will not be deterred. >> i am proud of our budget because it's changed the conversation. today we are not talking about cliffs or ceilings or sequesters. we're talking about solutions. and that's how it sho
Mar 15, 2013 11:00pm EDT
of buying time on the debt ceiling. there is brinksmanship all the time and the lesson to learn from not insist that it's really hard. the same issues that are tangential issues. the server to the heart and minds of americans over the country and issues lawmakers and for election on taxes and spending, government programs and so we can expect them to walk away from their principles and beliefs because they want to get a deal. a >> host: the bottom line is president clinton and house republicans stood before the balanced budget the last three or four years. >> host: into the bush administration. >> guest: that's right. and like i said, some of it had to do with the roaring economy. they definitely made changes to the welfare program and other spending programs in a way that eliminated the deficit, which was something in u.s. history was incredibly hard to do. >> host: jacob is very intelligent. the 12-year-olds don't speak that way about the radicals of either party i would say the same. join the conversation. people commenting on 12-year-old jacob from richmond, virginia as they talk